Mechanical Ventilator Market Qualitative Insights on Application & Outlook by Share, Future Growth

According to a new report published by Allied Market Research, titled, "Mechanical Ventilator Market by Product Type, Component, Mode, Age Group, And End User: Global Opportunity Analysis and Industry Forecast, 2021-2030," Global Mechanical Ventilator Market was valued at $4.6 billion in 2020, and is estimated to reach $18.6 billion by 2030, growing at a CAGR of 12.82% from 2021 to 2030.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

• Asahi Kasei Corporation (Zoll Medical Corporation)
• Carl Reiner GmbH
• Draegerwerk AG & Co. KGaA
• Getinge AB (Maquet Holding B.V. & Co. KG)
• General Electric Company (GE Healthcare)
• Hamilton Medical AG
• Koninklijke Philips N.V.
• Medtronic Plc. (Covidien Ltd.)
• Mindray Medical International Limited
• Smiths Group Plc.
• Vyaire Medical Inc.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/453

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
• By product type, the intensive care mechanical ventilators segment was the highest contributor to the mechanical ventilator market in 2020.
• On the component, the device segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
• By mode, the invasive ventilation segment occupied the largest share in 2020.
• For age group, the adult population was the highest revenue generator in 2020
• Depending on end user, the hospitals & clinics segment was the highest contributor to the mechanical ventilator market in 2020.
• Region wise, North America garnered the largest revenue share in 2020, however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:
The COVID-19 outbreak is anticipated to have a positive impact on the growth of the mechanical ventilator market. COVID-19 has negatively impacted many industries; however, it propels the demand for various medical services, including intensive care units (beds and ventilators) and personal protective equipment for healthcare. The COVID-19 infection is associated with respiratory failure, and requires critical care with ventilator support. Mechanical ventilation has regularly been employed to oxygenate seriously ill COVID-19 patients. For instance, according to the report from Imperial College London in November 2020, 30% of COVID-19 hospitalized patients are likely to require mechanical ventilation. In addition, new delta and omicron variants of COVID-19 with high spreading rate found in mid-November 2021 have increased the risk of third wave across the world. Thus, the muted variants of COVID-19 have influenced entire healthcare sector to meet healthcare requirements, including hospital instruments such as mechanical ventilators.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/453

The global mechanical ventilator market is segmented into component, product type, mode, end user, age group, and region. By mode, the invasive ventilation segment occupied the largest share in 2020, and is anticipated to continue its dominance during the forecast period. On the basis of product type, the intensive care mechanical ventilators segment dominated the market in 2020, owing to increase in number of hospital admission of patients due to COVID-19 pandemic. However, the transport/portable ventilators segment is projected to grow with the highest CAGR of 13.64% from 2021 to 2030. This is attributed to rise in demand for transport ventilators during emergencies and surge in adoption of easy-to-use portable mechanical ventilators for ease of aged patient population.

Depending on age group, in 2020, the adult population was the highest revenue generator, owing to rise in adult population who are highly susceptible to chronic respiratory diseases. However, the pediatric & neonatal segment is estimated to register fastest CAGR of 12.6% during the forecast period, owing to rise in prevalence of neonatal mortality and need for convenient ventilation facilities for newborn and premature babies.

𝗚𝗲𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/mechanical-ventilators-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.